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J.B. Hunt (JBHT) Misses on Q1 Earnings

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Ross Stores (ROST) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

J.B. Hunt Transportation Services, Inc. JBHT reported first-quarter 2018 earnings per share of $1.07, missing the Zacks Consensus Estimate of $1.09.

How Was the Estimate Revision Trend?

Investors should note that the earnings estimate revisions for J.B. Hunt depicted a healthy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 1.9% upward over the last 90 days.

However, J.B. Hunt has an unimpressive earnings surprise history. The company has surpassed the Zacks Consensus Estimate in only two of the last four quarters with an average miss of 0.7%.

J.B. Hunt Transport Services, Inc. Price and EPS Surprise

 

J.B. Hunt Transport Services, Inc. Price and EPS Surprise | J.B. Hunt Transport Services, Inc. Quote


Revenues Higher Than Expected

J.B. Hunt recorded revenues of $1,948.2 million, which surpassed the Zacks Consensus Estimate of $1,872.1 million.
 
Key Q1 Statistics: During the quarter, the company did not repurchase shares. As on Mar 31, 2018, the company had around $521 million shares remaining under its share buyback program. Operating income in the first quarter increased 12.9% to $168.8 million (on a reported basis). Outstanding debt was $1 billion at the end of the quarter.

Zacks Rank: Currently, J.B. Hunt carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on this J.B. Hunt earnings report later!

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J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report
 
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